November 22, 2010 |
An unfolding federal probe of alleged insider trading on Wall Street is escalating, sending a wave of anxiety over the investment industry. FBI agents searched the offices of three hedge fund operators Monday, two of which were started by former executives of SAC Capital Advisors, one of the most profitable and secretive hedge fund managers in the country. One of the firms, Level Global Investors, is partly owned by an arm of Goldman Sachs Group Inc., the most successful and controversial investment bank on Wall Street.
August 29, 2012 |
Hedge funds may soon advertise to investors such as you. Securities regulations have barred hedge funds and other private investment vehicles from advertising and marketing to the general public for more than 30 years. But the Jumpstart Our Business Startups Act, or JOBS Act, enacted this year requires the U.S. Securities and Exchange Commission to ease the ban. Private offerings raised more than $1 trillion in 2011 -- about as much through offerings registered with the SEC, according to Mary Schapiro, the agency's chairman.
June 6, 2010 |
The newspaper industry is starting to meet its new bosses — the hedge funds and banks that are moving in as rich family owners and starchy executives move out. Although the objectives of these new owners remain unclear, insiders say the transition period promises more upheaval at newspapers just as they begin to emerge from bankruptcy protection. Over the last year, bankrupt newspaper companies including Tribune Co., owner of the Los Angeles Times, KTLA-TV Channel 5 and other news organizations, have been overrun by a category of stealthy "distressed debt" hedge funds.
December 2, 2010 |
Sebastian Mallaby, a veteran journalist who has worked for the Washington Post and the Economist, came out this summer with what has been described as the definitive study of the hedge fund industry with his book "More Money Than God. " Using his access to some of the most secretive and wealthy investors in the world, Mallaby explored the gilded world of these highfliers and explained why many hedge funds seemed to come out of the financial crisis...
April 4, 2013 |
NEW YORK -- Despite the federal government's crackdown on insider trading on Wall Street, many who work at hedge funds still feel pressure to break the law or compromise their ethics, according to a new survey. The survey -- commissioned by an industry group, publication and law firm -- found that 35% of respondents said they felt pressure by their compensation plan to break the rules. A quarter of respondents cited other pressures. QUIZ: How much do you know about the stock market?
October 24, 2007 |
Investors put significantly less money into U.S. hedge funds in the third quarter, when credit market woes sparked heavy losses at many prominent portfolios. But demand did not dry up, as some analysts had predicted. Pension funds, endowments and wealthy private investors added a net $45.2 billion to hedge funds in July, August and September, bringing the total assets under management in the loosely regulated industry to $1.8 trillion, data tracker Hedge Fund Research said Tuesday.